Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand.
Brent crude LCOc1 futures dropped 70 cents, or 1.6% to…
Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, sinking even as equities rebounded from a slump Thursday.
The West’s…
Oil prices extended their losses on Wednesday, falling nearly 3 percent, after a smaller-than-expected U.S. inventory draw-down and jitters ahead of a vote on whether Britain should stay in the European Union.
Crude futures rose early in…
London – Brent crude prices held at about 50 dollars a barrel on Friday as sign that the oil market was moving back to more balanced supply and demand.
It was also believed that just-concluded meeting of the Organisation of Petroleum…
